Establishes the New York COVID-19 children's fund program to provide assistance to children whose parent, custodian, legal guardian, or related adult.
The bill establishes the New York COVID-19 children's fund program to provide assistance to children whose parent, custodian, legal guardian, or related adult household member died as a result of contracting COVID-19, regardless of immigration status of such children. The program will deposit $1,000 into an individual trust account for each eligible child within six months of application receipt. The funds can only be accessed by the child when they turn 18 and can only be used for qualified expenses such as education, home ownership, or business establishment.
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